LeverFi (LEVER) is a decentralized leverage trading platform that allows users to trade and yield farm at the same time. It's essentially a bridge for Ethereum and EVM-compatible chains like BNB Chain, Avalanche, Polygon, Arbitrum, and Optimism. The platform enables lenders to deposit funds into lending pools and earn interest from traders who borrow to leverage trade up to 10X. Any unused liquidity from lenders is deposited into other DeFi protocols to generate more yield.
As for the news, LeverFi was previously known as RAMP DeFi and rebranded in March 2022 to tackle issues in the DeFi market, such as sustainable TVL and utility.
Now, let's talk about the target price. According to CoinCodex, the current price of LEVER is around $0.002807, and it's predicted to rise by 227.04% to reach $0.009382 by January 5, 2025. The Fear & Greed Index is showing 72 (Greed), indicating a bullish sentiment. Here are some short-term price targets:
- *December 7, 2024*: $0.002869 (2.18% increase)
- *December 11, 2024*: $0.003731 (32.90% increase)
As for the long-term forecast, LEVER is expected to trade between $0.00488 and $0.013508 in 2025, with an average price of $0.0078. The potential ROI for 2025 is around 381.14%.$LEVER